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Legendary Wall Street Investor Compares BTC To 70s Gold Trade, Purportedly Purchases Bitcoin As Inflation Hedge

One of Wall Street’s most-successful hedge fund managers, Paul Tudor Jones is purportedly purchasing Bitcoin (BTC) as an inflation hedge as central banks around the globe print money. Jones, a legendary trader, divulged in a message that one of his funds holds a low-slung single-digit percentage in BTC futures.

Veteran trader Paul Tudor Jones is supposedly purchasing BTC as an inflation hedge as central banks around the world are minting money in order to alleviate economies hit badly by the deadly coronavirus and subsequent lockdowns invoked around the world.

Bloomberg News reported that one of Wall Street’s seasoned hedge fund managers, Jones divulged in a message that one of his funds holds a little single-digit percentage in Bitcoin futures. As per the report, the wall street veteran compared it to the gold trade in the 1970s.

In the month of March, the founder and CEO at Tudor Investment Corp., Jones told CNBC that as per him, the stock market might be higher by the month of June if COVID19 patients started to top.

What do you thin about the increasing investments from wall street veterans in the crypto domain? Let us know in the comments below!

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